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Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) short interest decreased by 35.88%

c1faa9_f1402cfc396949c49766ebc004ac598d.jpg_srz_277_168_85_22_0.50_1.20_0By Danny Hamilton from financial Magazin

The stock of Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) registered a decrease of 35.88% in short interest. CUBA’s total short interest was 37,700 shares in December as published by FINRA. Its down 35.88% from 58,800 shares, reported previously. With 28,500 shares average volume, it will take short sellers 1 days to cover their CUBA’s short positions. The stock decreased 2.06% or $0.14 during the last trading session, hitting $6.66. About 130,832 shares traded hands or 395.31% up from the average. Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) has declined 35.21% since May 7, 2015 and is downtrending. It has underperformed by 34.42% the S&P500.

More notable recent Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) news were published by: Seekingalpha.com which released: “Herzfeld Caribbean Basin Fund: Is The Rally Justified?” on December 18, 2014, also Seekingalpha.com with their article: “Herzfeld Caribbean Basin Fund’s Time May Have Come” published on September 09, 2011, Marketwired.com published: “The Herzfeld Caribbean Basin Fund, Inc. Announces Extension of Non …” on October 30, 2014. More interesting news about Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) were released by: Seekingalpha.com and their article: “Pair Trade Opportunity Exploiting Irrational Exuberance Over The Herzfeld …” published on June 05, 2015 as well as Marketwired.com‘s news article titled: “The Herzfeld Caribbean Basin Fund, Inc. Announces Important Dates for Rights …” with publication date: September 24, 2014.

The Herzfeld Caribbean Basin Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $39.56 million. The Fund’s investment objective is to obtain long-term capital appreciation. It currently has negative earnings. The Fund’s investment advisor is HERZFELD/CUBA, a division of Thomas J.

The institutional sentiment increased to 3 in Q3 2015. Its up 1.00, from 2 in 2015Q2. The ratio is positive, as 1 funds sold all Herzfeld Caribbean Basin Fund, Inc shares owned while 2 reduced positions. 5 funds bought stakes while 4 increased positions. They now own 596,729 shares or 6.44% more from 560,650 shares in 2015Q2.

Thomas J. Herzfeld Advisors Inc. holds 1.28% of its portfolio in Herzfeld Caribbean Basin Fund, Inc for 420,107 shares. Bank Of America Corp De owns 12,695 shares or 0% of their US portfolio. Moreover, Citigroup Inc has 0% invested in the company for 1,000 shares. The Switzerland-based Compagnie Lombard Odier Sca has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 7,500 shares.

Get a free copy of the Zacks research report on Herzfeld Caribbean Basin Fund, Inc (CUBA).

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For more on this story go to: http://www.financialmagazin.com/herzfeld-caribbean-basin-fund-nasdaqcuba-short-interest-decreased-by-35-88/

IMAGE: www.herzfeld.com

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